Produces and sells industrial minerals, primarily bauxite from mining operations in Guinea and India. Full-year FY26 revenue was ₹5,237.13 crore, with Q4 FY26 alone contributing ₹1,968.6 crore. The Guinea business, run through subsidiaries Minex and SGMF, drove growth with bauxite volumes of 3.16 MMT in Q4, up from 1.39 MMT in the previous quarter. India operations, on a standalone basis, also generate revenue but faced margin pressure from rising input costs and an unfavourable sales mix. Operations span India, the UAE (via subsidiary AHUF) and Guinea. Materials accounted for 23.0% of revenue, other operating expenses 60.1%, depreciation 2.5% and employee cost 2.7%. EBITDA margin for FY26 was 12.78%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Guinea Bauxite mining, India operations, UAE operations. Cyclical, asset-heavy industrial minerals mining with export exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,278 | 1,831 | 2,654 | 2,739 | 5,237 |
| EBITDA (ex other income) | 99 | 173 | 345 | 370 | 550 |
| margin % | 7.8 | 9.4 | 13.0 | 13.5 | 10.5 |
| Owners' profit | 87 | 117 | 287 | 296 | 401 |
| EPS, as reported (₹) | 9.65 | 12.79 | 31.37 | 31.46 | 42.02 |
| ROE % · ROCE % | 16.6 · 10.6 | 16.7 · 11.5 | 30.7 · 18.5 | 23.6 · 16.5 | 25.3 · 19.2 |
| Debt / equity (x) | 1.22 | 1.15 | 1.07 | 0.95 | 0.88 |
| Cash from operations | 92 | 97 | 148 | 188 | 463 |
| Capex | (148) | (134) | (332) | (401) | (279) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 604 | 865 | 555 | 1,356 | 953 | 960 | 1,969 | 1,616 |
| Profit before tax | 27 | 113 | 82 | 125 | 71 | 81 | 141 | 123 |
| Net profit | 43 | 108 | 79 | 114 | 106 | 76 | 121 | 108 |
| EPS (₹) | 4.71 | 11.15 | 9.08 | 11.50 | 10.11 | 8.82 | 11.59 | 12.07 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS METALS N ENERGY L | 1,01,435 | 20.4 | 7.11 | 18.9 | 26.8 | 17.7 | 132.2 | 39.6 |
| NMDC LTD. | 72,444 | 9.7 | 2.13 | 7.3 | 21.9 | 28.0 | 15.8 | 41.4 |
| GUJARAT MINERAL DEV CORP | 18,345 | 19.2 | 2.59 | 13.3 | 13.5 | 15.5 | 14.7 | 29.5 |
| GRAVITA INDIA LIMITED | 12,457 | 31.4 | 5.07 | 25.6 | 15.4 | 17.2 | 24.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Notice of AGM published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report 2025-26 and 45th AGM Notice via Web Link | compliance | minimal | — | — |
| 3 Sept 2026 · Ashapura Minechem submits BRSR for FY 2025-26 to stock exchanges | compliance | low | — | — |
| 3 Sept 2026 · Ashapura Minechem sets 22 Sep 2026 as dividend record date | corporate actions | high | — | — |
| 3 Sept 2026 · 45th AGM on Sep 29, 2026; Rs 2 dividend per share proposed | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Ashapura Minechem 45th AGM on Sep 29, 2026; Rs 2 dividend and KMP remuneration | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Manan Chetan Shah Family Trust indirectly acquires 99.99% of promoter group entity AIFL | ownership changes | medium | — | — |
| 3 Sept 2026 · Promoter group entity transferred to family trust, indirect holding unchanged | ownership changes | medium | — | — |
| 3 Sept 2026 · Ashapura Minechem: Promoter family trust acquires 7.01% via off-market transfer | ownership changes | high | — | — |
| 3 Sept 2026 · Promoter Dina Chetan Shah disposes 7.01% stake via off-market transfer | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.7 |
| ASHAPURA MINECHEM LTD ◆ | 5,179 | 12.7 | 3.15 | 9.4 | 25.3 | 15.0 | 35.5 | 11.7 |
| MOIL LIMITED | 4,996 | 78.7 | 1.85 | 11.2 | 0.3 | 0.4 | — | 35.6 |
| ORISSA MIN DEV CO LTD | 2,388 | — | — | — | (0.7) | 0.5 | — | 52.8 |
| 20 MICRONS LTD | 736 | 10.9 | 1.51 | 6.3 | 13.7 | 16.9 | 14.6 | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.7 | 16.4 | 4 of 11 | 70% |
| P/B | 3.1 | 2.1 | 10 of 13 | 25% |
| ROCE | 15.0 | 8.4 | 7 of 14 | 54% |
| ROE | 25.3 | 7.3 | 2 of 14 | 92% |
| Debt / Equity | 0.9 | 0.3 | 12 of 14 | 15% |
| EBITDA margin | 11.7 | 13.8 | 8 of 13 | 42% |
| Revenue growth | 19.2 | 19.2 | 7 of 13 | 50% |
| Profit growth | (4.9) | 9.8 | 11 of 14 | 23% |
| Market cap | 5179 | 1562 | 5 of 14 | 69% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
